Stephen Hayward

Where to fly on holiday if you want to make the most of the strong pound

UK holidaymakers heading abroad in the new year1 should get up to 18 per cent more travel cash than a year ago, says a new report. The strong pound will make a wide range of top winter sun destinations more affordable, according to the study. Eurozone winter sun resorts Cyprus and Lanzarote offer the best value.

Not only will a rise of 10 per cent in sterling s value put around 45 extra cash in the tourists pockets when they change 500 into euros, but package prices are low as well. In Cyprus, cheapest of 10 winter sun favourites checked by researchers for New Year getaways, a seven night package to Paphos including evening meals in resort restaurants costs 239 per head.

Read more: Traveller reveals brilliant way to avoid losing luggage – and it’s truly inspired2

Second cheapest is Costa Teguise in Lanzarote at 268 per person, says the Post Office survey.

Where To Fly On <b><i>Discount Holidays ©</i></b> Holiday If You Want To Make The Most Of The Strong Pound In the money: The strong pound will buy more euros

Further afield, UK tourists visiting long haul destinations will get even more for their money. The Malaysian ringgit has dipped 18 per cent against sterling since last December, which means visitors will have the equivalent of 77 more to spend on a 500 currency exchange.

But the higher cost of airfares means that a week s Discount Holidays © holiday in Penang with meals included will cost 887, significantly more than a eurozone winter break. With Egypt no longer an option for UK tourists after the latest terrorist alert, bargain hunters who normally head to Sharma el Sheikh after Christmas could find Mexico the strongest contender to take its place. At 756 per person for a week in January, Cancun is the cheapest long haul beach resort.

Tourists will benefit from an 11 per cent year on year drop in the Mexican peso s value, giving them an extra 50 on a 500 currency exchange since last year.

Where To Fly On <b><i>Discount Holidays ©</i></b> Holiday If You Want To Make The Most Of The Strong Pound Getaway: A visit to Mickey and pals in Orlando is more affordable

Despite the weakness of sterling against the US dollar, a week s Discount Holidays © holiday including meals is even cheaper in Orlando, at an average 692. Researchers say this makes Florida s theme park capital the cheapest destination outside Europe. Even though UK tourists will have 4.5 per cent fewer dollars to spend than a year ago they will pay over 60 less for a week s Discount Holidays © holiday than in Cancun or Phuket.

Post Office travel money spokesman Andrew Brown said: The great value we found in Orlando just goes to show that holidaymakers planning trips really need to look at both the package price and the cost of eating out.

Even though the US dollar remains stubbornly stronger against the pound, prices are low in Orlando and package costs are looking very reasonable.

Although Eurozone winter sun holidays are unbeatable on price for a January break, the strength of sterling against currencies for long haul destinations like Mexico, Malaysia and Mauritius will make them appealing for holidaymakers looking for higher temperatures.

How the spending power of 500 has changed from December 2014-December 2015

  1. Penang, Malaysia + 76.92
  2. Cancun, Mexico + 50.49
  3. Paphos, Cyprus + 45.25
  4. Lanzarote + 45.25
  5. Monbassa, Kenya + 37.46
  6. Phuket, Thailand + 22.18
  7. Dominican Republic – 7.46
  8. Orlando, Florida – 23.43
  9. Jumeirah Beach, Dubai – 25.61

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References

  1. ^ the new year (www.mirror.co.uk)
  2. ^ Traveller reveals brilliant way to avoid losing luggage – and it’s truly inspired (www.mirror.co.uk)